EA based on the days high/lows of the day

MQL4 Experts

Specification

Looking to test the probability of a pattern over history. 

Looking at the European or DAX market opening. I will outline the criteria I look for. 

Price makes a new high or low between certain minutes, for example 5 minutes before the opening until 45 minutes after the opening.

If a new high low is made, then I look for a 25% retracement to the days opposite high or low. Once this level is met then I would want to open a buy or sell position, towards the opposite high low. The stop loss would be set to 50 points outside of the original high/low. The take profit would be set at the opposite second high/low. 

For example, lets say price opens the day at 1.10300. 10 hours later at the DAX opening, price makes a new daily high at 1.10450. Lets say the days low was made at 1.10250, creating a 200 point difference between the days high and low. After hitting the high at 1.0450, price retraces down to 1.10400, a 25% retracement to the days opposite high/low. At this level a sell order is placed with a stop loss 50 points above the high, at 1.10500, 100 points for the stop loss. The take profit would be set at the the low, at 1.10250, 150 points from the sell order. A successful trade would give 1:1.5 risk to reward in this scenario. 


I would like to be able to tweak some of these variables so that I could test and determine what the most viable pattern to trade would be, and then create an EA to trade it.

The variables would be:

1. The timing for when a new high or low could be made, initiating a possible trade. 

2. The percentage of a pullback needed to initiate the trade. 

3. The distance of the stop loss.

4. The location of the take profit.


Not sure of an appropriate price for this, please let me know if there is a price outside the given budget. 

Responded

1
Developer 1
Rating
(590)
Projects
789
71%
Arbitration
9
33% / 33%
Overdue
22
3%
Free
2
Developer 2
Rating
(461)
Projects
689
56%
Arbitration
43
30% / 33%
Overdue
111
16%
Working
3
Developer 3
Rating
(365)
Projects
412
36%
Arbitration
35
26% / 57%
Overdue
63
15%
Free
4
Developer 4
Rating
(878)
Projects
1390
67%
Arbitration
117
32% / 42%
Overdue
215
15%
Free
5
Developer 5
Rating
(1849)
Projects
3449
88%
Arbitration
73
40% / 15%
Overdue
265
8%
Working
6
Developer 6
Rating
(52)
Projects
72
43%
Arbitration
21
14% / 67%
Overdue
8
11%
Free
7
Developer 7
Rating
(542)
Projects
1320
59%
Arbitration
28
82% / 0%
Overdue
10
1%
Working
8
Developer 8
Rating
(430)
Projects
606
55%
Arbitration
48
23% / 56%
Overdue
178
29%
Free
9
Developer 9
Rating
(349)
Projects
463
51%
Arbitration
41
24% / 49%
Overdue
149
32%
Free
10
Developer 10
Rating
(82)
Projects
86
57%
Arbitration
25
0% / 84%
Overdue
19
22%
Free
11
Developer 11
Rating
(91)
Projects
122
39%
Arbitration
19
16% / 53%
Overdue
19
16%
Busy
12
Developer 12
Rating
(224)
Projects
283
42%
Arbitration
15
13% / 47%
Overdue
67
24%
Free
13
Developer 13
Rating
(65)
Projects
87
39%
Arbitration
3
0% / 33%
Overdue
29
33%
Free
14
Developer 14
Rating
(467)
Projects
495
53%
Arbitration
10
60% / 20%
Overdue
3
1%
Free
15
Developer 15
Rating
(2381)
Projects
2991
65%
Arbitration
76
47% / 14%
Overdue
340
11%
Free
16
Developer 16
Rating
(250)
Projects
400
38%
Arbitration
82
41% / 20%
Overdue
69
17%
Loaded
17
Developer 17
Rating
(251)
Projects
399
54%
Arbitration
9
67% / 22%
Overdue
36
9%
Free
18
Developer 18
Rating
(1)
Projects
2
0%
Arbitration
1
0% / 100%
Overdue
0
Free
19
Developer 19
Rating
(1)
Projects
1
0%
Arbitration
1
0% / 100%
Overdue
0
Free
20
Developer 20
Rating
(66)
Projects
143
34%
Arbitration
11
9% / 55%
Overdue
26
18%
Working
21
Developer 21
Rating
(556)
Projects
923
48%
Arbitration
300
59% / 25%
Overdue
123
13%
Loaded
Similar orders
Need a trading bot 30 - 40 USD
Hi there, Can you reprogramme an existing EA using the source code or create one from scratch? Of course, I already have an MQL4 version of the EA; all I need is an additional version with alternative configurations. Please get in touch if you are proficient in developing an MT4 EA, as I will be providing all information through a comment section. Thank you
Hello great developer can you help me with MT5 indicator developing? Here is a document that describes the filters that will need to be added to my existing custom indicator. let me know if you have any questions or if anything in the document is unclear I will be looking for great developer to bid for this project Best regards
Here is a document that describes the filters that will need to be added to my existing custom indicator. let me know if you have any questions or if anything in the document is unclear kindly message me for the file
Hamed09877 30+ USD
Trend Line Candlestick action price strategy No martingale and hedge Ability to automatically manage capital and Markab capital Ability to insert stop loss and tick profit for each individual position Capable of fundamental and technical analysis with news filter Acceptable monthly profit in proportion to capital 24 hour support Easy installation Free update
Trade Entry Rule : 1 . New Arrow Higher or Lower Appear : Entry . (Range: {Input}) After Entry Trailing Stop Trails { Trail Step (Input) } 2 . Lot Size { Input } 3 . Take Profit { Input } 4 . Max Number of Trades { Input } 5 . Total Number of Trades per Entry { Input } ---------------------------------------------------------------------------- 6 . Spread Filter { Input }
Hello there, Am looking for an expert in coding mt4, mt5 EA and indicator, am a project manager who help people in getting there strategy or idea been convert to well performance EA or indicator by a professional programmer and developer, so if you are a professional and interested in working with me let talk in the comment so we can build a long business relationship together. THANK YOU
Hello Programmers I have build a theory around Stochastic indicator, Martingale method , Moving avernage and some money management parameters. Most important of all is the entry size calculation based on risk. lots to trade = Equity * Risk (%) / Contract Size * Leverage If you are interested, please apply
Hello. I need hft robot for mt5 that can pass kortana prop firm in less than 1 hour. If you have developed this hft robot please message me for discussion. I need to demo live the ea if its working on kortanafx. The more credentials the faster transactions
I'm looking for a profitable EA at least 5-10% per month profits . No Grid, Hedging, Martingle trading. 1 trade per pair as much as possible to avoid violations. Willing to give live demo backtest to test the ea performance . I'm willing to pay handsome amount for a premium quality EA. You can name your price if you have proven track record of your ea being used for prop firms and has been profitable for a long
Hello how are you doing? Can you help me with a projects connecting trend lines to pivot points on a wave, for trendlines, color detention, and dynamic visualization? I have a project I’d like you to look at. I need a pine script code to capture the different Trendline colors that cross both above and below horizontal lines on the wave indicator

Project information

Budget
30 - 300 USD
For the developer
27 - 270 USD